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e-tax payment- How to pay your taxes online?

Sanchit Aggarwal 
on 01 July 2020

LinkedIn


E Payment of Taxes

Income tax payment was considered to be as one of the most challenging and highly cautious processes almost 5 to 6 years back but today thanks to our internet revolution that have turned the tables entirely around. By merely two clicks one can make payment of all kind of taxes.

To make e- payments of all kind of direct taxes one can visit the official site of NSDL i.e.
https://onlineservices.tin.egov-nsdl.com/etaxnew/tdsnontds.jsp

NSDL or we can say Tax Information network of Income-tax Department commonly known as TIN facilitation centre where one can not only use the platform to make online payments but also can apply for PAN or TAN online.

Earlier, services of PAN and TAN or payment of taxes were decentralised. But after the development of NSDL website, the process of payment of Income Tax has significantly improved.

e-tax payment- Pay your taxes online

A taxpayer can not only pay Self Assessment Tax but also can make payment of TDS/TCS, Payment of Banking Cash Transaction Tax (BCTT) and Fringe Benefits Tax (FBT) etc with help of NSDL website.

Online payment of tax involves certain procedures and consist of filing of various challans online.

E Payment of Taxes

A. Payment of TDS/TCS

Step 1- Visit https://onlineservices.tin.egov-nsdl.com/etaxnew/tdsnontds.jsp

Step 2- Select Challan no./ ITNS 281 and click on proceed

Select Challan no./ ITNS 281 and click on proceed

Step 3- In case deductees are Individuals or other than Company than one is required to opt for (0021) Non-Company Deductees as shown in the image below.

Challan no./ ITNS 281

Step 4- In cases of voluntary deposit of TDS/TCS amount by the taxpayer, Type of payment will be selected as (200) TDS/ TCS Payable by the taxpayer.

Step 5- Select the nature and mode of payment.

Step 6- Before the final submission, TAN of the deductee is required to be entered along with relevant Assessment Year in which payment is made.

 TAN of the deductee is required to be entered along with relevant Assessment Year in which payment is made

Step 7- After entering the Captcha Code one is required to submit the same form.

Step 8- Before you enter the final amount of Tax payment, NSDL portal will provide a preview of the details filled in the above steps. So one is highly recommended to cross-verify all the information before making the final payment of tax.

Preview of the details

B. Payment of Non-TDS/TCS

When one is required to Select Challan No. 280?

○ When e payment of tax is not related to Non-TDS/TCS transactions but at the same time, it should be in connection with the following Tax payments:

• Payment of Advance Tax
• Self-Assessment tax
• Tax on Regular Assessment
• The surtax
• Tax on Distributed Profits of Domestic Company
• Tax on Distributed income to unitholders

Challan No. 280

○ Select the nature and mode of payment.

○ Before the final submission, the PAN of the deductee is required to be entered along with relevant Assessment Year in which payment is made.

PAN of the deductee is required to be entered along with relevant Assessment Year

○ After entering the Captcha Code one is required to submit the same form.

○ Before you enter the final amount of Tax payment, NSDL portal will provide a preview of the details filled in the above steps. So everyone is highly recommended to cross-verify all the information before making the final payment of tax.

Preview of the details

When one is required to Select Challan No. 282?

○ When e payment of tax is not related to Non- TDS/TCS transactions but at the same time, it should be in connection with the following Tax payments:

• Payment of Securities transaction tax
• Estate duty,
• Wealth-tax,
• Gift-tax,
• Interest-tax,
• Expenditure/other tax,
• Hotel Receipt tax and
• Commodities transaction tax

Challan No. 282

○ Select the nature and mode of payment.

○ Before the final submission, the PAN of the deductee is required to be entered along with relevant Financial Year in which payment is made.

PAN of the deductee is required to be entered along with relevant Financial Year

○ After entering the Captcha Code one is required to submit the same form.

○ Before you enter the final amount of Tax payment, NSDL portal will provide a preview of the details filled in the above steps. So everyone is highly recommended to cross-verify all the information before making the final payment of tax.

Preview of the details

 

When one is required to Select Challan No. 283?

○ When e payment of tax is not related to Non- TDS/TCS transactions but at the same time, it should be in connection with the following Tax payments:

• Payment of Banking Cash Transaction Tax (BCTT)
• Fringe Benefits Tax (FBT)

 

○ Further Steps shall remain the same as in case of Challan 280 and 282

Challan 280 and 282

Challan 280 and 282

Payment of all kind of direct taxes can be made via a single website of NSDL and to now more regarding the PAN application, correction and linking of Aadhaar Card with your PAN Card via online services of NSDL, check out the following the links to explore more:

For PAN Correction
https://www.caclubindia.com/articles/pan-card-correction-41857.asp

To know your PAN
https://www.caclubindia.com/articles/know-your-pan-41909.asp


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Category Income Tax
Other Articles by - Sanchit Aggarwal 




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